Bill Status of HB2642

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HB2642 - 104th General Assembly

PROP TX-AGGREGATE EXTENSION
Last Action
3/21/2025 - House: Rule 19(a) / Re-referred to Rules Committee
House Sponsors
Rep. Martin McLaughlin and Kevin Schmidt
Statutes Amended In Order of Appearance
35 ILCS 200/18-185
Synopsis As Introduced
Amends the Property Tax Extension Limitation Law in the Property Tax Code. Provides that the limiting rate shall be calculated using the highest aggregate extension from any year in which the taxing district was subject to the Property Tax Extension Limitation Law (currently, the last 3 preceding levy years). Provides that an aggregate extension established for a levy year in which the taxing district was authorized to temporarily increase its limiting rate or its extension limitation may not be used.
Actions
Date Chamber Action
2/04/2025 House Filed with the Clerk by Rep. Martin McLaughlin
2/06/2025 House First Reading
2/06/2025 House Referred to Rules Committee
3/04/2025 House Assigned to Revenue & Finance Committee
3/06/2025 House To Tax Policy: Other Taxes Subcommittee
3/21/2025 House Rule 19(a) / Re-referred to Rules Committee
10/27/2025 House Added Co-Sponsor Rep. Kevin Schmidt